IBM Earnings Preview: Revenues To Decline As Business Environment Remains Challenging

Considering the challenging business environment, we expect that revenues across different divisions will continue to decline in Q1. However, we are closely monitoring the new signings in the services business as this will help us ascertain the order backlog outstanding for 2015. We expect its server and storage division to report another quarter of disappointing results, as the company works to fix this struggling business. Both of its key offerings (Power and mainframe systems) are on the cusp...